Home Equity Lenders
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APR
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Rate
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Initial Draw
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Contact details |
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7.240%
Intro APR
7.240% After Intro PeriodIntro Period: 0 months |
7.240% Rate | $0 Min. Initial Draw Amount | View Details
Conditions: Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com.
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7.500% APR | 7.500% Rate | $25,000 Min. Initial Draw Amount | View Details
Conditions: The Annual Percentage Rate (APR) is variable and based on the Prime Rate (Prime) published in the Wall Street Journal (7.75% APR on 12/1/2024) minus 0.25% APR adjusted after each billing cycle. To qualify for the lowest rate, a minimum draw of $25,000 is required at closing with automatic payments from an Eastern Checking Account. Minimum APR is 3.99%. Maximum APR is 18%. Minimum line amount is $10,000 and maximum line amount is $2,000,000. Line must be for first or second lien, secured by your 1-4 family primary or secondary residence located in MA, NH, RI and CT. Investment properties are not eligible to be used to secure the line. Combined loan to value limits apply. Property insurance is required. Flood insurance may be required. Homes currently on the market are not eligible. Subject to credit application and approval. Rates are subject to change without notice. FlexEquity lines (Home Equity Line of Credit) are subject to a $50 annual participation fee (waived for Premier or Select Checking account customers). A $350 early cancellation fee applies if the line is closed or rewritten within the first 24 months. Appraisal fees may apply in instances where the line is greater than $400,000. Appraisal fees range from $490 for single family homes to $610 for multifamily properties. Properties with unique characteristics or location may have higher appraisal and/or other fees. Title Search is paid by Eastern Bank as is Title Insurance unless the amount borrowed is greater than $750,000 then customer may incur a title Insurance fee, the fee varies by loan amount and state (CT, MA, NH & RI). In addition, certain fees could apply depending on your situation. For instance, the customer is responsible for trust and power of attorney review ($100 each) and recording fees for power of attorney and for properties held in trust ($105- $123). An itemized list of fees is available upon request.
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8.100%
Intro APR
8.100% After Intro PeriodIntro Period: 0 months |
8.100% Rate | $25,000 Min. Initial Draw Amount | View Details
Conditions: A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.
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| The leader for homeowners tapping cash from their homes since 2016. | View Details
Conditions: About Spring EQ’s Rates and Terms Spring EQ LLC NMLS ID #1464945 (nmlsconsumeracces.org). No prepayment penalty. No need to refinance your first mortgage. Closed-end fixed rate loans and fixed and adjustable rate HELOC options are available. Spring EQ is an Equal Housing Lender. These results are for informational purposes only. This offer is an invitation to apply for an offer for credit or a loan and should not be construed as an indication of eligibility or a binding underwriting decision. Rates are subject to change based on market conditions and the entries of your specific application. All loans are subject to $995 origination fee and annual fee of $99 (except in certain states, where fees may be lower or not applicable), plus third-party fees. Monthly payment shown reflects monthly principal and interest amortized over the term of the loan based on the initial draw amount. Spring EQ applicants are required to provide a current and valid completed application, proof of income, mortgage statement, property hazard insurance, and a photo ID. Any pre-qualification or result is in no way a pre-approval, indication of eligibility, or binding underwriting decision. All borrowers are required to meet Spring EQ's current underwriting guidelines including verifications of applicant’s credit profile and property value, $25,000 initial draw requirement OR 75% of the line amount (whichever is greater), a FICO score of 640 or greater, and a debt-to-income ratio of less than 50%. Actual rate and APR for qualified borrowers will be determined by a combination of factors, including their creditworthiness as determined by a single credit bureau pull, loan amount requested, property value, and more. In addition to these, other factors specific to applicants' profile and Spring EQ's Underwriting Guidelines may impact rate and eligibility. Offers subject to origination fees based on loan type and property state.
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| Home Equity Loans & Refinance – Cash out | View Details
Conditions: • Home Equity Loans & Refinance – Cash out • Customized rate quote with no impact to credit • Low Rates, Quick Approvals, Wide Range of Products • Over 100 Billion Funded. 22 Years in Business
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| As low as 8.25% APR on your initial draw* | View Details
Conditions: 1. APRs for initial advances range from 8.25% to 18.00% based on funded HELOCs as of September 2024. Your actual rate will depend on many factors such as your credit history, loan-to-value ratio, line amount, loan term, lien position, and property state. The lowest rates are only available to the most qualified applicants. The APR is variable, but the APR that will apply to each draw will be fixed on the date the draw is made. 2. As of October 2024, 10% of funded HELOCs achieved a closing timeline of 6 days or less and a funding timeline of 10 days or less. This timeline assumes consumers close with our remote online notary, provide supporting documentation promptly, and ensure the information provided is accurate and consistent with our verification process. Delays, discrepancies, and other unforeseen factors may impact the closing timeline. MBA’s 2024 Home Lending Study reports an average industry closing time of 31 days. 3. A Home Equity Line of Credit has a variable rate. The APR may change, but the APR that will apply to each draw will be fixed on the date the draw is made. Your APR will be the Prime Rate at the time of draw plus a margin fixed for the life of the HELOC.
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| Cash-Out and Home Equity Options Available. | View Details
Conditions: Cash-Out and Home Equity Options Available.
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| HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online. | View Details
Conditions: The Figure Home Equity Line is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.
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| Home Equity Line of Credit - Equal Housing Lender | View Details
Conditions: Interest-only payments during the 10-year draw period
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Kennebunk Savings BankLast Updated: 12/05/2024
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8.500% APR | 8.500% Rate | $0 Min. Initial Draw Amount | |
St. Mary's BankLast Updated: 12/05/2024
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7.750% APR | 7.750% Rate | $10,000 Min. Initial Draw Amount | |
DCULast Updated: 12/05/2024
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8.000% APR | 8.000% Rate | $500 Min. Initial Draw Amount | |
Northeast CULast Updated: 12/05/2024
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7.750% APR | 7.750% Rate | $10,000 Min. Initial Draw Amount | |
Bank of AmericaLast Updated: 12/05/2024
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6.490%
Intro APR
8.620% After Intro PeriodIntro Period: 6 months |
8.620% Rate | $100,000 Min. Initial Draw Amount | |
HSBCLast Updated: 12/05/2024
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6.240%
Intro APR
9.100% After Intro PeriodIntro Period: 12 months |
9.100% Rate | $25,000 Min. Initial Draw Amount | |
Holy Rosary CULast Updated: 12/05/2024
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6.750%
Intro APR
7.750% After Intro PeriodIntro Period: 12 months |
7.750% Rate | $0 Min. Initial Draw Amount | |
Triangle CULast Updated: 12/04/2024
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7.750% APR | 7.750% Rate | $0 Min. Initial Draw Amount | |
TD BankLast Updated: 12/05/2024
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8.190% APR | 8.190% Rate | $0 Min. Initial Draw Amount | |
Eastern BankLast Updated: 12/05/2024
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7.500% APR | 7.500% Rate | $25,000 Min. Initial Draw Amount | |
Bellwether Community CULast Updated: 12/05/2024
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8.000% APR | 8.000% Rate | $0 Min. Initial Draw Amount | |
Navy FCULast Updated: 12/05/2024
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8.250% APR | 8.250% Rate | $0 Min. Initial Draw Amount | |
Washington Trust BankLast Updated: 12/05/2024
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8.250% APR | 8.250% Rate | $0 Min. Initial Draw Amount | |
Service Credit UnionLast Updated: 12/05/2024
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6.490%
Intro APR
8.000% After Intro PeriodIntro Period: 12 months |
8.000% Rate | $0 Min. Initial Draw Amount |
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